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Save together, earn more money to stock up on groceries
Interest rates
Save together, earn more money to stock up on groceries
Save as a group with Grocery Stokvel, earn more interest to buy groceries at wholesale prices and get bulk discounts.
Interest rates
  1. Save or invest /
  2. All products /

More about Grocery Stokvel

Benefits

What you need to know

What you need to apply

Where to apply

  • Benefits

    • Tiered interest rates, the higher the balance the higher interest will be on the account
    • This is a group account - for Stokvels, friends and family
    • NotifyMe alerts can be sent to up to three signatories
    • No monthly management fee
    • Register for Online Banking - it is safe, secure and you enjoy some of these group benefits:
      • Pay out members anywhere, anytime
      • Get an electronic statement
      • Easily track member contributions
      • Reduced transactional fees

  • What you need to know

  • What you need to apply

    Opening deposit of R50

    You need two or more members to open the account with these documents:

    • The IDs of elected group members who will act as signatories 
    • Proof of residence for elected group members (not older than three months)

  • Where to apply

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All interest rates are expressed as a percentage per annum and are indicative. Rates subject to change.

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Need more help?

Let one of our consultants help you get the best accounts for your needs.

Contact us:

Call us on: 0860 111 515

Email us at saving@absa.co.za